Jubilant Food Q2 net slips 13%, same store sales negative

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Jubilant Foodworks, the master franchisee of Dominos Pizza in India, disappointed the street on Thursday with second quarter net profit falling 12.7 percent year-on-year to Rs 29 crore on lower operational income. Profit in the year-ago period was Rs 33.2 crore.

The company said moderated growth trends in revenue driven by macro-economic conditions combined with higher expenditure were attributable to the decline in profitability.

Total income from operations jumped 14.7 percent to Rs 501.2 crore in the quarter ended September 2014 compared to Rs 437 crore in same quarter last year driven by an enhanced Domino’s Pizza restaurants network and Dunkin’ Donuts. Products price hike during the quarter also boosted topline.

Net profit was expected at Rs 32.5 crore on revenue of Rs 529 crore for the quarter, according to the average of estimates of analysts polled by CNBC-TV18.

Operating profit (EBITDA) declined 6.6 percent on yearly basis to Rs 61 crore and margin slipped 280 basis points to 12.2 percent in the quarter gone by, which both were lower than analysts' estimates of Rs 66.9 crore and 12.6 percent, respectively.

"EBITDA remained under pressure due to higher expenditure during the quarter related to higher employee and other expenses coupled with negative same store sales growth," said the company in its filing.

Same-store-sales growth stood at (negative) 5.3 percent in September quarter as against 6.6 percent growth in the year-ago period.

Jubilant Foodworks' total number of restaurants increased to 797 in the quarter ended September 2014 compared to 632 at the end of September 2013. At the end of October 30, 2014, it has 806 restaurants in 107 cities.

Total expenditure increased by 18.5 percent year-on-year to Rs 440.12 crore during the quarter led by increments in salaries and increase in minimum wages, impact of general inflation, and development expenses related to Dunkin’ Donuts.

At 14:32 hours IST, the stock was quoting at Rs 1,284.00, down Rs 17.15, or 1.32 percent on the BSE.